Currently with barclays, want to keep them, but I was wondering if its worth gettting a monzo account and setting up a standing order to just put regular amounts in to for savings, is that something I can do? or is it not a good idea. Im only young so Im not clued up on this stuff.
Whilst Monzo’s rates are getting better all the time, truth be told it’s not really the best for this sort of thing.
For savings I would look at Marcus by Goldman Sachs.
You could but their are accounts with other financial institutions which are better for savings than Monzo.
Have a look at Marcus for instance for instant access accounts
I’d also recommend Marcus if you’re purely looking for savings